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The Casualty Actuarial Society is a professional organization whose purpose is the advancement of the body of knowledge of actuarial science applied to property, casualty, and similar risk exposures.
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Category Archives: Future of the Profession
Challenges to the Casualty Actuarial Profession 2018
In previous years I’ve posted about some of the challenges facing the property and casualty actuarial profession. In 2018 we are facing a new, unique set of challenges, and I invite your thoughts on a few relevant topics: Big Data Recently, actuaries have been inundated with the availability of big data. We now have the … Read more
“Crash Course” Seminar: A Smashing Success
I had the pleasure of attending the “Crash Course on Vehicle Technology and Driverless Cars” seminar this July, jointly organized by the CAS and IIHS/HLDI.* The event hosted about 80 people, most of whom were actuaries. While a highlight of the event was a real live crash test (see the video I took below), it also included … Read more
Posted in Future of the Profession, Professional Education.
High School Actuarial Day at DePaul University: Building a Diverse Pipeline for the Profession
The first High School Actuarial Day was held on April 18 at DePaul University in Chicago, led by the CAS. Our goal was to expose high school students of color to the actuarial profession. We partnered with DePaul and were joined by the SOA, The Actuarial Foundation, the International Association of Black Actuaries, the Organization of … Read more
Mango Talks Professionalism [Podcast]
Podcasts are the most effective educational innovation since the printing press. That’s big talk! Formal learning channels teach you a lot but nothing matches the power of a good conversation for realizing the deepest insights. How many of us are fortunate enough to spend time with superstars? Podcasts are full of awesome people in exactly … Read more
Strategic Planning in a World of Constant Change: The More Things Change, the More They Stay the Same
This blog post is based on the “From the President” column in the January/February 2017 issue of the Actuarial Review. We are posting it here in an effort to solicit member comments on issues that will affect our refreshed Strategic Plan. We welcome you to leave a comment below. I am looking forward to the … Read more
How Do Actuaries Preserve Their Market Value?
In the 1990s, we wondered how actuaries would preserve their market value when competing with product managers. In the 2000s, some wondered if CFAs would encroach upon our territory. Others viewed the SOA general insurance track as a danger. Today, data scientists are our newest “threat.” There are two fundamental facts to keep in mind. … Read more
Posted in Future of the Profession, Professional Education.
Every Year is an Election Year at the CAS!
The United States presidential election is upon us. As an actuary, I find statistics interesting and recently read that voter turnout rates for U.S. presidential elections has been between 50-60 percent over the past decade. In comparison, here at the CAS, only around one-third of all eligible voters cast a ballot when CAS election season … Read more
Three Considerations for Career Opportunities
In my address to new members at the 2016 Spring Meeting, I offered three emerging trends that new members should consider as they pursue future career opportunities. Disruption in our industry will continue and will do so at an exponential pace. Some of these disruptions will take the form of technology firms entering the insurance … Read more
Posted in Future of the Profession, Risk Management.
The Staff Actuary’s Blog: The CAS Institute
Not surprisingly, one of the many things I’m helping with, in my month-old position as CAS Staff Actuary, is the development of The CAS Institute and its credentialing programs, beginning with a data science and predictive analytics credential. This is an initiative for which I was delighted to have cast an approving vote last year … Read more
Posted in Communications, Future of the Profession, Risk Management and tagged CAS Institute, icas, predictive analytics, professional education, Value at Risk.
The Internet-of-Things and Actuarial Engineering
Should property-casualty actuarial science be considered an engineering specialty? Thanks to the Internet of Things (IoT) revolution, there are compelling reasons to consider aligning ourselves with engineers. According to Wikipedia, the Internet of Things is “the network of physical objects or ‘things’ embedded with electronics, software, sensors and network connectivity, which enables these objects to … Read more
Posted in Future of the Profession.